Dollar Tree, Inc. (NASDAQ:DLTR) Short Interest Update

Dollar Tree, Inc. (NASDAQ:DLTR) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 10,990,000 shares, an increase of 14.8% from the December 31st total of 9,570,000 shares. Based on an average trading volume of 4,030,000 shares, the short-interest ratio is currently 2.7 days. Approximately 5.1% of the company’s stock are short sold.

Institutional Trading of Dollar Tree

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Dollar Tree by 101.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,960 shares of the company’s stock worth $316,000 after purchasing an additional 1,490 shares during the period. Sanctuary Advisors LLC purchased a new position in Dollar Tree during the second quarter worth about $779,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Dollar Tree by 321.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 199,726 shares of the company’s stock worth $21,325,000 after acquiring an additional 152,326 shares during the last quarter. Czech National Bank increased its stake in Dollar Tree by 4.2% in the 3rd quarter. Czech National Bank now owns 41,159 shares of the company’s stock worth $2,894,000 after acquiring an additional 1,670 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in shares of Dollar Tree by 9.6% in the 3rd quarter. Park Avenue Securities LLC now owns 16,458 shares of the company’s stock valued at $1,157,000 after acquiring an additional 1,447 shares in the last quarter. Institutional investors own 97.40% of the company’s stock.

Dollar Tree Stock Performance

NASDAQ:DLTR opened at $73.35 on Friday. The business’s fifty day moving average is $72.58 and its 200 day moving average is $76.95. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of -15.38, a PEG ratio of 2.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.17 and a current ratio of 1.03. Dollar Tree has a 52-week low of $60.49 and a 52-week high of $151.21.

Dollar Tree (NASDAQ:DLTR) last posted its earnings results on Wednesday, December 4th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. Dollar Tree had a positive return on equity of 16.89% and a negative net margin of 3.34%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $7.45 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts predict that Dollar Tree will post 5.39 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DLTR. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. StockNews.com raised Dollar Tree from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th. Guggenheim decreased their price target on Dollar Tree from $120.00 to $100.00 and set a “buy” rating for the company in a report on Friday, December 6th. Citigroup raised their price objective on Dollar Tree from $64.00 to $76.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group upped their target price on shares of Dollar Tree from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, December 4th. Seventeen research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.58.

Dollar Tree Company Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.